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(c) A certificate evidencing such insurance coverage or coverages shall be filed with Agency and City prior to the commencement of the term of this Agreement, and said certificate shall provide that such insurance coverage will not be canceled or reduced without at least thirty (30) days' prior written notice to Agency and City. (d) If such coverage is canceled or reduced, Developer shall, within fifteen (15) days after receipt of written notice from Agency or City of such cancellation or reduction in coverage, but in no event later than the effective date of cancellation or reduction, file with Agency and City a certificate showing that the required insurance has been reinstated or provided through another insurance company or companies. Upon failure to so file such certificate, Agency or City may, without further notice and at its option, procure such insurance coverage at Developer's expense, and Developer shall promptly reimburse Agency for such expense upon receipt of billing from Agency or City. 3.09 Rights and Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies are cumulative, and the exercise or failure to exercise one or more of such rights or remedies by either Party shall not preclude the exercise by it, at the same time or different times, of any right or remedy for the same default or any other default. 3.10 Real Estate Commissions. Neither Party shall be responsible to the other for any real estate commissions or brokerage fees which may arise from this Agreement or otherwise be incurred by the other Party. 3.11 Reasonable Approvals. Unless the context indicates otherwise, where an action under this Agreement requires approval of a Party, such approval shall not be unreasonably withheld. 3.12 Applicable Law. This Agreement shall be interpreted under and pursuant to the laws of the State of California. Disposition and Development Page 27 of 30 Agreement - Vanuatu Properties Draft December 4, 1997